Unlisted Securities Lose 0.61% in Week 29

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange declined further in Week 29 after a 0.61 per cent week-on-week depreciation.

This trimmed the market capitalisation of the alternative bourse by N67 billion in five trading sessions in the week to N2.033 trillion from N2.045 trillion and cut down the NASD Unlisted Security Index (NSI) by 48.64 points to 1,483.28 points versus the 1,492.39 points posted in Week 28.

Business Post reports there were five price losers and three price gainers in the trading week, implying a negative market breadth index and bearish investor sentiment.

First Trust Microfinance Bank Plc led the losers with a 10.00 per cent loss to close at 36 Kobo per share versus the previous week’s 40 Kobo per share, 11 Plc shed 9.98 per cent to end at N182.70 per unit against the former value of N202.95 per unit, , Food Concepts Plc decreased by 9.77 per cent to N1.94 per unit from N2.15 per unit, Geo-Fluids Plc depreciated by 1.96 per cent to close at N2.00 per share compared with the preceding week’s N2.04 per share, and Aradel Holdings Plc slid 0.41 per cent to N4,726.11 per share from N4,745.61 per share.

On the flip side, Purple Real Estate Plc rose by 19.84 per cent to N6.79 per unit from N5.67 per unit, Afriland Properties grew by 0.95 per cent to N17.00 per share from N16.84 per share, and FrieslandCampina Wamco Plc jumped by 0.11 per cent to N47.00 per unit from the previous week’s N46.95 per unit.

The total volume of transactions plunged by 97.5 per cent to 5.7 million units from 231.3 million units, the total value of trades declined by 53.3 per cent to N2.6 billion from N5.5 billion, while the number of deals increased by 4.9 per cent to 144 trades from 136 deals.

Geo-Fluids Plc was the most traded security by volume with 2.5 million units, Purple Real Estate Plc traded 1.4 million units, Aradel Holdings Plc exchanged 0.5 million units, FrieslandCampina Wamco Plc transacted 0.41 million units, and UBN Property Plc sold 0.4 million units.

But Aradel Holdings Plc was the most active by value in the week with N2.5 billion, FrieslandCampina Wamco Plc recorded N190 million, Purple Real Estate Plc posted N70 million, Geo-Fluids Plc posted N50 million, and Central Securities Clearing System (CSCS) Plc printed N30 million.